State Street has appointed James Day as global head of product development for securities finance. Based in London, he will be responsible for delivering new products, managing regulatory change and providing business solutions. He will report to Martin Tell, global head of securities finance. He was most recently head of securities finance in EMEA at…
Category: Bank Providers
State Street to support new active ETFs for Natixis
State Street has been appointed to provide a range of ETF servicing solutions for three active ETFs for Natixis Investment Managers. Natixis is leveraging the NYSE Proxy semi-transparent model. State Street will provide basket creation, NAV dissemination, settlement, custody, financial reporting, fund accounting, order-taking, performance and investment analytics, and transfer agency services. Nick Elward, head…
U.S. Bank supports new multiple series trust from Harborside
Harborside Group, an independent investment sales and marketing firm dedicated to serving the distribution needs of the asset management industry, has launched a multiple series trust that includes comprehensive proactive distribution services. The MST, Total Fund Solution, has been formed in collaboration with U.S. Bank Global Fund Services.
HSBC to administer first ETF launched under Singapore’s VCC structure
HSBC has been appointed as the custodian and fund administrator for CSOP INVESTMENTS VCC – ICBC CSOP FTSE Chinese Government Bond Index ETF. This is the first ETF launched under the authorised Variable Capital Company (VCC) structure in Singapore. CSOP will officially launch the ETF this month.
Citi rolls out enhancements to Clarity data platform
Citi has enhanced its securities services data services platform, Citi Velocity Clarity. The enhancements to Clarity include a new integrated reporting tool that enables clients to overlay their own data, including graphical elements, with Citi held data to publish tailored reports. Data from middle-office trade processing, ETFs, and custody billing has been integrated into Citi’s…
SGSS expands African custody coverage to Cameroon
Société Générale Securities Services has extended its securities custody and issuer services offer to Cameroon in Africa, with the support of Société Générale Cameroun, a group subsidiary. SGSS already provides securities services in Morocco, Tunisia and the West African Economic and Monetary Union.
Saphyre adopted by J.P. Morgan and BlackRock
J.P. Morgan Securities Services and BlackRock have adopted Saphyre’s platform to digitise the account opening workflow, eliminating manual processes, improving scalability and enabling buy-side clients to be ready to trade more quickly. Saphyre’s technology provides BlackRock and other buy-side firms with an efficient process for opening accounts with custodians and broker-dealers. Saphyre is a U.S.-based…
CACEIS takes over fund accounting for KGAL in Germany
CACEIS Fonds Service GmbH has taken over fund accounting for 16 closed-end special funds for KGAL Group. The funds’ assets are EUR3.6bn. Both parties have completed the transfer of the associated team from KGAL, based in Gruenwald near Munich, to CACEIS. CACEIS provides bookkeeping, including the calculation of NAVs, financial balancing, regulatory reporting, and production…
BP2S appoints Akshay Thakurdesai as head of India
BNP Paribas Securities Services has appointed Akshay Thakurdesai as head of India. BP2S in India offers asset servicing as well as third-party clearing and settlement services for local financial institutions. The bank also acts as a local custodian to foreign investors investing in the country. Thakurdesai, who joined the bank in 2006, was previously COO…
Northern Trust launches cloud-based insurance reporting service
Northern Trust has launched a cloud-based reporting application for its insurance investment accounting and analytics services solution for U.S. insurance companies. The platform incorporates Northern Trust’s interactive digital interface with the SAP Financial Asset Management (FAM) system to provide an end-to-end solution covering all asset classes. The solution allows insurance companies to: Identify trends, risks…